Is your bank contemplating a new project to obtain strategic IT capabilities? Don’t know where to start? Weighing the pros and cons of IT outsourcing can be stressful.
Use this interactive quiz to evaluate your bank’s unique circumstances, the risks and regulatory requirements, and balance these considerations against the advantages of outsourcing your key IT capabilities.
Additional information is available in the IT Outsourcing white paper.
A community bank’s core processor should be a strategic partner that supports the bank’s long-term business objectives.
The ICBA Core Processor Resource Guide will help community banks with some of the more important aspects of managing this relationship to maximize the return on their technology investments.
Is your bank contemplating a new project to obtain strategic IT capabilities? Don’t know where to start? Visit our technology advocacy page for useful resources and documents.
Learn how to better optimize your core processor relationship with this member-exclusive webinar recorded April 14, 2021.
April 14, 2023
Washington, D.C. (April 14, 2023) — Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on the Small Business Administration final rule on its 7(a) program.
“ICBA strongly opposes today’s Small Business Administration final rule lifting the moratorium on the number of non-federally regulated institutions, including nonbank fintech companies, that can make loans under its 7(a) program.
“As ICBA told policymakers in a recent comment letter to the SBA and joint letters to the agency and Congress, this rule would undermine the 7(a) program and unintentionally harm the very borrowers the SBA is trying to aid. And as members of Congress have told the SBA, the rule establishes broad and sweeping changes that do not reflect congressional input or authorization.
“Instead of opening the 7(a) program to unregulated entities, the SBA should focus on maximizing the community bank partnerships that have expanded lending in underserved areas. ICBA will continue working to address this troubling final rule to ensure the SBA 7(a) program continues to support small businesses in local communities while preserving safeguards against fraud and abuse.”
About ICBA
The Independent Community Bankers of America® creates and promotes an environment where community banks flourish. ICBA is dedicated exclusively to representing the interests of the community banking industry and its membership through effective advocacy, best-in-class education, and high-quality products and services.
With nearly 50,000 locations nationwide, community banks employ nearly 700,000 Americans and are the only physical banking presence in one in three U.S. counties. Holding $5.8 trillion in assets, $4.8 trillion in deposits, and $3.8 trillion in loans to consumers, small businesses and the agricultural community, community banks channel local deposits into the Main Streets and neighborhoods they serve, spurring job creation, fostering innovation and fueling their customers' dreams in communities throughout America. For more information, visit ICBA's website at www.icba.org.
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| Title | Date |
|---|---|
| ICBA Summary of CFPB Proposals on No-Action Letters and Product Sandboxes | 01/15/19 |
| ICBA Guidelines for Responding to ADA Demand Letters (Members Only) | 11/18/16 |
| Title | Committee | Presenter | Date |
|---|---|---|---|
| Enhanced Regulation of Digital Assets Will Promote Responsible Innovation | Senate Banking Hearing | 02/15/22 | |
| Statement for Senate Stablecoin Hearing | Senate Banking Committee | Written Statement | 12/14/21 |
| Statement for House Hearing on Digital Assets | House Financial Services Committee | Written statement | 12/07/21 |
| ICBA Statement for True Lender Hearing | Committee on Banking, Housing and Urban Affairs | ICBA | 04/28/21 |
| ICBA Statement for HFSC Fintech Hearing 9-29-2020 | HSFC | 09/29/20 | |
| Hearing: Examining the Fintech Landscape | Senate Banking, Housing, and Urban Affairs Committee | Written Statement | 09/12/17 |
